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Pin to quick picksHummingbird Regulatory News (HUM)

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Tuzon extension

23 Apr 2012 07:00

RNS Number : 8159B
Hummingbird Resources PLC
23 April 2012
 

 

Hummingbird Resources plc

 

("Hummingbird" or the "Company") (AIM: HUM)

 

Tuzon extends northwards and drilling commencing at Sackor, within the Dugbe 1 area

 

In advance of a number of upcoming site visits Hummingbird is pleased to announce its latest drill results from the first 17 holes of the northerly extension to the existing 2.05Moz Tuzon gold Resource. Hummingbird is also pleased to report that it has received a large amount of data back from trenching the Sackor gold target, 3km south west of its 1.8Moz Dugbe F gold Resource, with drilling commencing imminently.

 

Highlights (full table of results in appendix):

 

Tuzon drill data:

 

·; 19.32m @ 2.30g/t gold in TDC047

·; 6.87m @ 2.98g/t gold in TDC047

·; 6.54m @ 1.26g/t gold in TDC047

·; 13.00m @ 1.73g/t gold in TDC052

·; 22.38m @ 2.15g/t gold in TDC054

·; 29.46m @ 1.78g/t gold in TDC054

·; 21.35m @ 2.42g/t gold in TDC056

·; 9.40m @ 2.11g/t gold in TDC056

·; 9.76m @ 1.81g/t gold in TDC058

 

Sackor trench data:

 

·; 6m @ 1.83g/t gold in KHTR001

·; 20m @ 1.16g/t gold in KHTR002

·; 12m @ 1.15g/t gold in KHTR005

 

Dan Betts, CEO, commented:

 

"We have always been confident that the maiden 2.05Moz Tuzon Resource was still open and these initial results prove this. We are pleased with the extension drilling to date and look forward to a Resource upgrade at Tuzon in the near future. Drilling is about to commence at Sackor, a gold anomaly 3km south west of Dugbe F, on the back of positive trench results. This continues to show the potential for Hummingbird to add to its existing Resources within the Dugbe 1 area."

 

Please click below for a map of the Tuzon drill holes, and Sackor trench locations and proposed drill pads.

http://www.rns-pdf.londonstockexchange.com/rns/8159B_1-2012-4-22.pdf 

http://www.rns-pdf.londonstockexchange.com/rns/8159B_2-2012-4-22.pdf

 

Tuzon

These drill hole results signal the likely extension of the Tuzon gold Resource to the north by 300m to 400m in strike length. We delineated our maiden 2.05Moz Resource at Tuzon in four months, drilling 9,400m over 43 drill holes. Since this period we have drilled a further 5,700m over 28 holes and are awaiting results on 11 drill holes. Tuzon remains open and results from the 11 outstanding holes will direct further drill locations in the future.

 

Sackor

The Sackor target lies 3km south west of Dugbe F with existing road access from Dugbe Camp. Drilling is due to commence imminently for an initial programme of 2,000m over 14 holes. To date we have completed 3,000m of trenching over 12 trenches at Sackor giving a number of economic gold grade trench intersections. We are still awaiting a number of trench results that will potentially add to the initial drill targets.

 

David Pelham has reviewed and approved the technical information contained within this announcement in his capacity as a qualified person, as required under the AIM rules. David Pelham is Technical Director of the Company and is a member of the Institute of Materials, Minerals and Mining.

 

ENDS

Enquiries:

Hummingbird Resources plc

Daniel Betts, Chief Executive Officer

Thomas Hill, Chief Financial Officer and Company Secretary

Robert Monro, Head of Business Development +44 (0) 203 416 3560

 

Liberum Capital Limited

Nominated Adviser and Joint Broker

Tom Fyson / Richard Bootle +44 (0) 203 100 2222

 

Mirabaud Securities LLP

Joint Broker

Peter Krens +44 (0) 207 321 2508

 

Yellow Jersey PR Limited

Dominic Barretto

+44 (0) 7768 537739

Harry Fielder

+44 (0) 7747 788221

 

Notes to Editors

Hummingbird Resources plc is an AIM quoted mineral exploration company incorporated in England and Wales and headquartered in London. Since its establishment in November 2005, the Company and its subsidiaries (the "Group") has been active in Liberia, West Africa, and is currently the holder of the largest area of mineral exploration ground in the highly prospective Birimian geological region of eastern Liberia. The Group's total Resource is 3,817,000 ounces of gold (Indicated Resource of 1,373,000 ounces Gold and Inferred Resource of 2,444,000 ounces gold).

The Group has a NI 43-101 compliant gold Resource on its Dugbe F deposit of 43.01 million tonnes at 1.276 g/t Au to give 1,765,000 ounces of gold using a lower cut-off grade of 0.5 g/t Au and no upper cut-off grade (Indicated Resource of 1,373,000 ounces of gold at 1.28 g/t Au and an Inferred Resource of 392,000 ounces of gold at 1.23 g/t Au). The Group now has in addition to this a Maiden Inferred NI 43-101 compliant Resource on its Tuzon project of 52.8 million tonnes at 1.21 g/t Au to give 2,052,000 ounces gold using a lower cut-off grade of 0.5 g/t Au and an upper cut-off grade of 7.0 g/t Au. Tuzon lies 2.6km to the east of the Dugbe F deposit. The exploration has been based on sound geological premises and has been executed in an efficient and practical manner according to best industry practices.

The Group currently holds exploration licences covering approximately 7,000 square kilometres in total, which constitutes a significant proportion of eastern Liberia containing the Birimian sequence.

For more information, please visit www.hummingbirdresources.co.uk

 

 

 

 

 

Appendix:

Tuzon drill data:

Calculated at 0.5 g/t Au cut-off

Drill Collar information

Hole ID

From (m)

To (m)

Interval (m)

Grade (g/t Au)

EUTM Survey

NUTM Survey

RL Survey

DIP

AZ

EOH

TDC044

156.00

159.00

3.00

0.82

555086

562364

112.232

-60

295

350.1

TDC045

129.97

131.00

1.03

5.53

555017

562230

108.558

-60

295

281.1

132.00

134.00

2.00

0.76

135.00

137.00

2.00

1.80

162.00

166.00

4.00

1.28

234.96

236.00

1.04

0.65

TDC046

241.00

242.00

1.00

0.56

555183

562521

112.503

-60

295

257.1

TDC047

65.68

85.00

19.32

2.30

555345

563304

116.591

-60

295

275.1

103.28

109.82

6.54

1.26

125.58

127.00

1.42

0.76

128.00

130.90

2.90

7.58

135.00

136.00

1.00

0.58

138.00

144.87

6.87

2.98

148.00

150.00

2.00

1.13

151.00

153.00

2.00

1.13

159.00

160.00

1.00

0.97

167.00

168.14

1.14

2.45

183.00

186.00

3.00

1.01

235.83

238.00

2.17

0.86

TDC048

no significant values

555527

563054

108.406

-60

295

350.1

TDC049

no significant values

555492

563234

106.949

-60

295

205.5

TDC050

11.23

12.21

0.98

0.79

555452

563338

114.367

-60

295

230.1

19.30

20.47

1.17

0.62

22.90

23.75

0.85

0.91

29.10

31.32

2.22

0.78

46.61

47.83

1.22

0.74

49.11

50.10

0.99

0.58

55.50

58.00

2.50

1.16

59.10

60.90

1.80

0.75

79.00

80.00

1.00

0.61

93.00

94.00

1.00

0.78

TDC051

no significant values

555489

562893

113.453

-60

295

341.1

TDC052

85.00

98.00

13.00

1.73

555313

563241

114.764

-60

295

290.1

99.05

99.97

0.92

2.10

101.00

101.79

0.79

2.04

102.38

104.38

2.00

1.28

106.20

109.84

3.64

1.66

110.40

111.20

0.80

0.65

123.22

124.17

0.95

1.58

195.00

196.00

1.00

0.54

199.03

200.00

0.97

0.56

201.00

202.00

1.00

0.99

228.00

229.00

1.00

0.67

278.00

279.03

1.03

2.03

TDC053

181.00

182.10

1.10

0.95

555273

563336

111.055

-60

295

202.6

TDC054

28.66

51.04

22.38

2.15

555385

563371

119.125

-60

295

215.1

52.00

53.00

1.00

1.86

53.85

54.69

0.84

0.69

65.64

66.60

0.96

0.63

69.23

72.25

3.02

1.28

78.42

79.65

1.23

0.62

82.23

84.02

1.79

0.84

87.14

89.00

1.86

0.66

94.00

96.00

2.00

1.14

101.64

102.70

1.06

0.73

108.50

110.44

1.94

1.10

111.54

141.00

29.46

1.78

143.08

145.96

2.88

0.84

148.64

151.55

2.91

0.64

TDC055

175.91

176.97

1.06

0.63

555235

563449

114.016

-60

115

229.6

TDC056

50.57

51.47

0.90

0.98

555319

563471

105.519

-60

115

194.1

66.84

67.35

0.51

0.91

67.96

69.00

1.04

0.66

74.00

95.35

21.35

2.42

97.38

98.50

1.12

2.27

100.70

110.10

9.40

2.11

115.09

116.13

1.04

0.74

142.00

142.93

0.93

1.58

TDC057

89.00

90.08

1.08

1.42

555318

563471

105.494

-90

295

182.6

140.97

143.06

2.09

0.95

TDC058

5.00

5.93

0.93

1.27

555413

563442

112.896

-60

115

101.1

6.73

12.09

5.36

1.34

13.00

13.87

0.87

1.53

14.80

17.64

2.84

1.69

18.24

28.00

9.76

1.81

34.84

40.78

5.94

1.64

60.00

62.00

2.00

1.25

TDC059

no significant values

555306

563590

103.415

-60

115

200.1

TDC060

no significant values

555425

563657

102.965

-60

295

140.5

 

Sackor trench data:

Calculated at 0.5 g/t Au cut-off

Trench Collar information

Hole ID

From (m)

To (m)

Interval (m)

Grade (g/t Au)

EUTM Survey

NUTM Survey

RL Survey

AZ

Length

KHTR001

34

36

2

0.58

547495

560375

115

296

168.00

50

52

2

0.59

138

140

2

0.66

142

146

4

0.57

154

156

2

0.56

158

162

4

1.3

172

174

2

0.79

194

198

4

0.7

200

206

6

1.83

208

212

4

83

158

162

4

1.3

KHTR002

2

4

2

1.2

547431

560295

138

296

202.00

6

8

2

0.6

98

100

2

3.01

110

116

6

1

152

154

2

2.84

168

188

20

1.16

194

198

4

0.56

KHTR003

18

20

2

0.53

547469

560162

297

132.00

22

24

2

1.12

26

28

2

1.68

56

58

2

0.77

60

62

2

0.51

70

72

2

0.77

74

76

2

0.91

78

84

6

0.63

94

98

4

0.66

102

104

2

1.7

KHTR004

290

294

4

1.23

547450

560070

140

287

350

KHTR005

120

124

4

0.52

547460

559976

130

298

318

142

154

12

1.15

176

178

2

0.56

180

182

2

0.81

190

196

6

1.36

206

208

2

0.84

224

226

2

6.32

234

236

2

1.14

238

246

8

0.98

248

250

2

0.59

272

278

6

0.82

KHTR006

46

48

2

1.40

547416

559880

163

298

300

56

58

2

1.28

160

162

2

0.64

226

230

4

0.85

240

244

4

0.59

282

286

4

2.08

KHTR007

116

120

4

0.71

548028

559876

185

285

322

124

126

2

2.82

214

216

2

0.57

KHTR008

52

56

4

0.88

548076

559735

138

314

68

72

4

1.71

74

78

4

1.94

84

86

2

0.67

118

120

2

0.83

124

126

2

0.93

154

156

2

1.69

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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